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the jolt lawmakers need? starbucks starting its own campaign, trying to push congress to come together and avoid that fiscal cliff. so what is starbuck's plan and what do customers think about it? nick hit the ground in washington to find out. >> greta, as the clock runs out on the looming fiscal cliff, one would think the last thing you want to add to the folks up on capitol hill is another cup of caffeine to their already anxiety-ridden nerves. but that hasn't stopped starbucks from brewing up a cup campaign to get our leaders to come together literally. at all of the starbucks stores here in washington like this one in the shadow of the capital, they are scribbling that phrase come together on every cup. a message directed solely at congress and president obama. >> i hope they take notice of it and it hits home with them that something needs to be happening. >> i don't know if it will work, but it's a great idea. >> at least do something, right? >> absolutely. get off their rear ends and do something. >> looks like they have written something on their cup there. >> it was hidden tor
and democrats, the president, the congress understand we've got to show people we can work together. we can make compromises. you know, we have some new people in congress who made a promise back home, we won't compromise on anything, but stand by the principles and never compromise. unfortunately, things can't work that way. you must compromise. dagen: senator, great to see you, thank you so much. >> thank you very much. good to be with you. dagen: avoiding the cold in your home state for the time being. >> thank you. dagen: good to see you, be well. uncertainty hitting business planning for 2013 and beyond. drew green black, ceo of steel, part of a small group of business leaders invisitted to the white house last month on the fiscal cliff, and based on your meeting, drew, does the president understand the damage being done to business and the country already just because of the lack of action? >> i think the president and the congress are right now not serving the people in the best fashion. we need the fiscal cliff resolved right away. this uncertainty causes great harm to the country, and w
from the outside could really put some force on these members of congress to come together for a deal. the closer we get the more pressure from the outside they're going feel and i think it makes it easier, not harder to get a deal in the last 48 to 24 hour space lot of folks have said that's the sweet spot for a deal anyway and there's another group that says we're going over this cliff, if even just temporarily, michelle. >> thank you, eamon. >> just days from heading back to washington, congressman aaron shaw, republican from illinois. thanks for joining us, representative. you got the call and have to go back to washington sunday, 6:30, what, if anything, are you going to vote on. do you know? >> hopefully the senate would have taken action and it's two days until sunday and the house has aked and we passed hr-8 which was a clean extension for every american and the senate doesn't agree with us and all we get from harry reid, you saw a fiery rhetoric which doesn't only do good for the markets and it doesn't do good for main street businesses and individuals that are worried about
be unleashed immediately if congress would get its act together but they haven't. they cannot. it's holding back consumers. that's why spending at christmastime was evidently restrained as it was and holding back businesses, as well. >> cnbc's tyler matheson, always appreciate your perspective. >> thank you, craig. >>> dock workers threaten to strike and shut down ports. but it didn't happen. but it could happen again. we'll talk about that. >>> no deal in sight before the so-called fiscal cliff. coming up, an update on what if anything can be done from the ranking democrat on the house budget committee, maryland congressman chris van hollen and new information of kelly o'donnell and check out the "news nation" tumblr page. lots of behind the scenes pictures. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[
, partners, former members of congress who are all coming together and saying, this is an issue that we know has to be dealt with and that we have to put aside our partisan differences, we have to put aside the special interests, and work on this. and if we go over the fiscal cliff, we'll have to continue to help members of congress come together and solve this problem. because, again, these are changes that will be made. the question is, are they going to be made on our own terms, or because they're forced upon us, which would be a much, much more damaging way to make changes to our country and to stabilize the deficit and debt, to help grow the economy in the longer term. so we have to keep working on this. it's one of the biggest economic challenges facing the country. >> absolutely. and the longer time goes on, the more we know just how those changes are going to happen. maya, thank you so much for your time. maya mcginnis, joining us from washington. >> our next guest thinks that you can make 20% on the american stock market next year. jim paulson is chief investment strategist at welle
the conference board. so new year's eve is usually one time when everyone can cheer together. let's be real. if congress drops the ball before the ball drops this year, americans will have yet another reason to feel divided and frustrated with their leaders. we had the election and holidays. now the question is whether congress will make a new year's resolution to actually get things done. we have a great panel assembled here. i want to start with you, maggie. no one is dash optimistic. senators have to say that as opposed to admitting things don't look good as we just reported there are indications from at least a pew gop sources that there is this deal on the table. 400,000 at the tax level would not be very favorable to the president's so-called final offer. what do you make of it? >> i think that -- i make of it we are hitting hard deadline and i think all sides are aware this will be problematic for everybody. i think you can make the argument it will be worse for republicans long term than in the short term. markets will open on wednesday and it will be a mess. it will be a mess going
if congress does not get its act together. >> and also -- this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> well, we have just wrapped up the worst five-day run for the three major averages in six weeks on perceived lack of action and lack of progress from the white house. let's get back to eamon javers who is in front of the white house, and i believe you have a little bit more information us about the fiscal cliff meeting that just broke up be
fix isn't passed by then, the start of a new congress will likely delay matters even more. which is why the focus now is on reaching a nano-deal. >> the minimal that they can put together to avoid the fiscal cliff which will have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to be 48 hours. >> you don't hear people talking, well a year from now, we really need to be here. you hear, well we need to do that this week. we need to do that day after tomorrow. this short-time frame horizon is new and i think people who think we are going to have tax reform and entitlement reform next year are way, way off base. >> cutting short his vacation but it's unclear whether he has the power to force a last minute solution through a deeply divided congress. >> darren gersh. >> so, joe, how bad could that be? >> i had, susie. unfortunately, the economy has been gaining momentum, if you look at the labor market
ideas, attempting to move people along the pathway that will hopefully bring us together in a different way. >> i read that you have said that you will not lobby congress. is that correct? >> it is not my intention to be a lobbyist. >> our half hour is finished. thank you, congressman, for your time. but >> on friday's washington journal, a look at the fiscal cliff. an examination of home ownership in the u.s. later, a discussion on poverty and hunger. "washington journal" is live every morning at 7:00 a.m. on c- span. >> the california representative is retiring this year. we spoke with her in november about her time as co-chairman of the progressive caucus, as well as her opposition to the iraq and afghanistan worse. this interview it -- wars. this interview is for 30 minutes. retiring, 20 years in congress. why are you leaving? >> well, i had my i will say it this way, i was elected 20 years ago on my 55th birthday. do the math and 20 years and 75 years old and it is time for me to retire. >> what is next? >> i'm president for americans for democratic action. i was just re-elected fo
from all around the country to stand here together to say we need a congress that governs. we need a congress that solves our problems. and we are especially concerned today about lifting up middle class families that are so apprehensive about the future and the working poor in the nation that kept getting pushed further and further to the margins. it's time that our congress acts and it is my great honor to introduce one of the members of the senate that is pushing for a reasonable solution. reasonable revenue for responsible programs. senator harkin has been an advocate for years. he represents the state of iowa and knows what the middle class is struggling with, and it is with great pleasure that i introduce to you senator harkin. [applause] isn't she wonderful? [applause] >> thank you, sister and for your great leadership. thank you for the best speech ever given tv to give and. it was just great. well, let's face it. this is a manufactured crisis. it's not of real crisis confronting our democracy inherent in our system. it's manufactured by the republicans. manufactured by the
's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hou
, a lot of the senators and members of congress, we're just going to keep pushing because we got to come together and get people to agree on some kind of package. >> are you hearing anything from the white house? the other day it was scott brown, the senator from massachusetts, who will be leaving in the new congress, but he said a deal was coming from the white house. hearing any idea what it looks like? perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our politica
the issue as to what is it going to require for our leadership and for members of congress and the president to get together during these very serious times for this country. >> you know, speaker boehner, harry reid mentioned that they had put a bill forward, the senate put a bill forward in july, the house put a bill forward in august, but the bill in july voted to extend the bush tax cuts to households making under $250,000, in other words to increase taxes for those making above $250,000. you didn't vote in favor of that bill. no republicans did. but now, with a couple of days left to go, what happens? at some point we're going to have a number. there are going to be a lot of other things, it's going to be $250,000 or $400,000 or $1 million. how do you get a deal done? >> i think first of all it's got to start with the leaders and the president at the white house this afternoon, hopefully they'll agree to a framework. secondly it will begin in the senate, in my estimation, to address this and to modify maybe that legislation to go to the 400,000 the president suggested. my kerve wconcern
to congress and saying we represent the one percent. that's unheard of. unfortunately, we get a party that comes together and say we recognize that we're here for all americans. and how do we do that? the idea that americans who go hungry is unacceptable. >> the republicans need to represent the red states. if you lookographics of the red states. represent the state that is you're from. >> no, and ip think that that is why if it comes to that, and i hope it does not, the roll call is in order because people in those red states need to understand what is at stake and who stood where. it's an old civil rights song. what side are you on. if it comes to that, that's exactly what the american people need to say, not to democrats, not to republicans, but to american people. that's who's going to be impacted by this. when you don't give your un employment check, when your payroll tax goes up, when your paycheck is not what it was, that's going to be to the american people. we will then have the bipartisanship because everybody is going to suffer together. >> you better believe it. >> and the
of communication open. >> but a smaller deal will only leave a problem for the incoming congress in january. that is discouraging to america's ceo's. >> we still have the big problem of how we are going to fix our deficit and debt in the country. we know the parties have to work together, and we know we have to resolve this as quickly as possible. >> wall street is keeping a close eye on talks in washington. analysts are worried that any delay could rattle already fragile markets. >> two weeks after the tragedy at sandy hook elementary, the topic of gun-control has heated up at the state and federal levels and as talk of legislative action increases, so do gun sales. then sales have spiked across the nation as people are buying guns that are now legal but may not be if new legislation passes. maryland is no exception. there were 7200 applications in november, but following the shooting, those numbers do to be spiking. >> we do not have part numbers for december but we believe we are looking at over 8200 purchase applications. >> in 2011, more than 46,000 purchase applications were processed
there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the country. ed henry, how pivot the is the meeting? >> we're on the verge of the biggest tax increase since world war ii. that's how big it is. everybody watching this, if we go off the cliff, everyone's taxes go up january 1st. the bottom line is senator backus says with the deadline, the pressure is red hot on all sides. republicans are trying to say the pressure is on the president. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. we need both. i'm ready to work with him and so are a lot of
hope you get to vote on sunday and you get to vote on a good deal. >> thank you. coming together with coffee. >> all right. when we come back, more from the halls of congress and today's main attraction at the white house. [ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> the highly anticipated white house meeting between
that number to indication of how dysfunctional this congress is. here's somebody, a speaker in the background there saying speaker boehner arrived at the white house and listening to that together. and let me segue back to what's going to be offered here at the white house if anything in the closed-door meeting. a mini deal with a temporary tax hike or tax cut or however you form late it, i can't find anybody around town knocking that down with vigor and who believes that the president goes for anything temporary in that regard. first of all. second of all, i think it's clear that the president as peter reported and everything i'm hearing on the hill and the white house is going to go back to the $250,000 threshold for couples filing jointly. if you make nor than that, your taxes would rise under what the president will propose. yes. an extension of unemployment insurance. yes. something to be done about the alternative min numb tax which is ensnaring more and more and more middle class voters. the so-called doctor fix and another exercise we go each year that's slashing doctor's medicare rei
in "the new york times" and "the washington post." together" rds "come as a way to send a message to congress. "the struggle of today is for a vast future also." the words of abraham lincoln. jim from georgia on the republican line. caller: thank you. the senate has not passed a budget bill in the past three years. does that affect the fiscal cliff? host: more than four years? caller: does that affect our physical cliff? host: that is a larger issue of taxes and spending cuts. caller: thank you. host: bob on the independent line from florida. caller: nobody should worry about the fiscal cliff. asey have everybody's ira's hostage. ira will have to buy ies.sur they are not worried about the budget. everybody that has an ira basically it will have nothing because interest rates will go up so high on the treasury bills in the coming decade. be heldy's ira will hostage. i took money and i put it into gold. i did not pay any taxes on it. possession is 9/10 of the law. let them come and find it. every politician should not take a paycheck. they do not deserve it. they have been bringing
together to bring our troops home. that was a turning point in our congress and in our country for the conversation on iraq. >> you said that you felt immediately that you made a mistake against your own conscious. -- consicence. what was the atmosphere like here at capital hill on the floor? >> for the first vote? >> yeah. >> our leadership was adamant that it did not mean that the president would have an open hand for anything he wanted to do in the middle east. back brad new it did, she -- barbara new it did but i went along with the leadership and that was a mistake. >> did that cause any conflict in your friendship? >> no. she said to me see, i told you so. no, no. >> representative woolsey you are supportive of the public option for health care and the health care act. looking down the road, do you see the health care act as being something that is going to be successful? >> now after this election, yes. today in our caucus i actually sperling was there and i reminded them that the public auction if they wanted to control the cost of care premium cost then the public opti
message you have for them as you leave congress? >> we have seen a bridge created between democrats and republicans on the issue of liberty and being free from the all seeing eye of big brother. congressman paul together and i -- and i were together on many of these issues of surveiling the american people. it no longer is a democrat or republican issue. it goes much deeper than that. in a way, these debates we're having right now in washington show the limitations of our two- party system. the two-party system itself is failing the american people, that there really are not enough choices not just individuals, but policies reflecting the direction america should be billing. when we find in a post 9/11 america that we are mired in a condition of fear, when we see the massive amounts of spending that has gone for war and increased military buildups, and for expansion of spy agencies like the domestic intelligence agency which is just adding another 1600 spies of the pentagon can have their own spy agency to compete with, what, the cia abroad? when you see the interventions that have
of national crisis, and remember, this was an international crisis, the country had come together. republicans had come in. and what did he get for it? he got three republican votes in the entire congress. he won't get three now for this kind of plan. so if republicans wouldn't step into that crisis at that point, why would they step into this crisis at this point? in fact, what we've seen is they're willing to make the crisis worse. we heard from secretary geithner talk about us bumping up against the debt ceiling again, tremendously damaging for the very markets republicans say they care about. i think they're going to have to hear from the markets to understand just how bad this is again. >> there were rumors that the president was going to offer a smaller deal but that was not true. but let's just say a smaller deal gets through, especially the senate. will speaker boehner get it to the house floor even if he thinks it will only get a minority of republican support? because that's been his real concern here, as speaker of the house i don't want a minority of the majority to be represented
hikes from happening on january 1st. let's come together and come up with kind of a stopgap deal. in other words, something short term. this is something congress will typically do when both sides are at an impasse. they find a way to get by for a little while longer. buy themselves more time. if they come up with a deal like that, the house is coming back into session on sunday night. it is highly possible they could vote on something then. the senate could also pass it and signed into law. gregg: right. >> everyone is talking about there is not enough time. this is not true. congress can do whatever it wants. if they agree, the two parties agree congress can pass things very quickly the trick is getting both sides to agree. gregg: it is always small ball and it is never really significant. which shows an utter lack of courage. and the american people, you know, feel that way too about their representatives. put up on the "gallup poll." "gallup poll", likelihood of averting the fiscal cliff. there you see, susan, people are losing faith. i'm actually surprised that they haven't
for this year, that is something congress typically does at the end of every year. it is not honest budgeting in washington. these are ideas that have come about basically as democrats and republican haves to throw the spending together at the end of every year. adam: we have about a minute before the president will start speaking the spending cuts that are on the table, there are a lot of people say that is enough to put the economy into recession. is that going to keep the democrats from possibly approving this deal? >> depends on the spending cuts. right now you're talking about $94 billion in what is known as the sequester. that is just for next year alone. automatic spending cuts to have to defense, half into other domestic discretionary spending. that combined with the tax increases yes, the con aggressional budget office says yes enough to put us into recession. adam: very quickly, what do you expect to hear from the president? is there anything he says that will especially get your attention? i know that you will be paying attention but will that perk your ears up? >> any type of opti
been talking wiabout together, there was a colin powerful doctrine that general schwartzkopf executed so well in the first gulf war. which was have an exit strategy and using overwhelming force. this congress had an exit strategy. they had the idea of overwhelming force, and they set themselves these limits. if they got through this deadline the pain would be so great on themself -- this is self-imposed -- they would find a way out. they have not executed their own strategy and been able to vote for their own leadership. what you have in washington just to take a step back here, what you have in washington is fundamentally a republican party at war with itself. you have democrats who feel that they don't need to negotiate because they won an election. while both of those situations may be understandable, the system has broken down fundamentally. we have to go over the cliff and see taxes rise, and then maybe, maybe they'll understand that they're there working for the american people and not for themselves. >> i don't think that will happen. according to the study it has taken a toll
and people from all around the country to stand here together to say we need a conagra's that governs. we need a congress to solve our problems. we are especially concerned today about lifting up middle- class families who were so apprehensive about the future and the working poor who get keep -- keep getting pushed far. it is my great honor to introduce one of the members of the senate who is pushing for a reasonable solution and, reasonable revenue for responsible programs. senator harkin has been an advocate for years. he represents the state of iowa and he knows what the middle class is struggling with. it is with great pleasure that i introduce to you senator harkin. [applause] >> is unsure wonderful? -- is not she wonderful? thank you, sister simone. that is the best speech ever given. it was wonderful. let's face it. this is a manufactured crisis. it is that a real crisis inherent in our system. it is manufactured by the republicans. it is manufactured by the republicans who refuse to ask those with the most in our society to give a little bit more to make our country work. the rep
at this point. because if speaker boehner can't bring them together, no other figure in the republican party or house who could do it either. >> i hear a lot of the talk and criticism aimed at congress. the white house, where do they fall in all of this and do you get the impression that they, in the eyes of the public, bear some of the responsibility as well? >> polling suggests they don't necessarily. though when you look specifically at this issue, the president doesn't do very well. certainly congressional republicans on this issue are bearing most of the blame. i think there's been a calculation at the white house that the more the president is seen diving into this, the worse off he seems. they're trying as much as possible to separate him from it. they hold these meetings, like they will today, where they have a top level discussion, he says, okay, sort it out, bring it back to me, i'll sign it. what lawmakers of both parties have pushed for, and what's not happening, he pick up the phone, he bring people over over to the white house and strong arm them and say, let's get something do
Search Results 0 to 35 of about 36 (some duplicates have been removed)